Beijing Cuiwei Tower (SH:603123)2025-01-17 12:10Financial Performance Forecast - The company expects a net profit attributable to shareholders for the year 2024 to be between -690 million and -650 million RMB[4]. - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is also projected to be between -690 million and -650 million RMB[5]. - In the same period last year, the total profit was -565 million RMB, with a net profit attributable to shareholders of -584 million RMB[6]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -287 million RMB in the previous year[6]. - The profit forecast has not been audited by a registered accountant, and there are no significant uncertainties affecting the accuracy of the forecast[9]. - The forecast data is preliminary and the final audited financial data will be disclosed in the official annual report for 2024[10]. - Investors are advised to pay attention to investment risks due to the preliminary nature of the forecast[10]. Operational Challenges - The decline in performance is primarily due to the significant drop in operating performance of the subsidiary Beijing Haike Rongtong Payment Service Co., Ltd. caused by a decrease in transaction volume and high fixed costs[7]. - The retail business revenue has declined due to the impact of the retail industry environment, with the subsidiary Contemporary Mall's Zhongguancun store closing for reconstruction starting January 7, 2024[8]. - The company has adjusted the recognition of deferred tax assets in response to the retail business environment, which has impacted net profit[8].